Question:

How much tax are being taken out of checks?

by  |  earlier

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this is my first job and ill make $1200 how much wll i actually have after taxes has been taken

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5 ANSWERS


  1. Go to paycheckcity.com and enter your info to get a very close estimate


  2. depends on your city/state/country.  also depends what options you might have chosen from your employer (insursance & other benefits).  best to ask your employer.

  3. About a fourth to a third.  Be thankful.  In Europe's Nannystates, the rate is more like 80%.

  4. Provided that the entity writing the check is withholding the appropriate estimated taxes, the exact amount will depend on a number of variables. One of which is how many dependants you claimed when you filled out the W-4 form at the time you began employment. It looks like this:

    http://www.irs.gov/pub/irs-pdf/fw4.pdf

    Gross income x 25% = a fairly close estimate but is dependent on (among other things) your own personal situation and the Income Tax owed to your State. (If applicable)

  5. Use the paycheck calculator below to determine your answer. Be sure to designate your state of residence first so that the results will reflect state tax if any. You will then designate your gross pay and the length of each pay period. That info was not part of your question so a baseball park figure could not be provided.

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